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Komfie Manalo, Opalesque Asia:

Financial services provider SS&C Technologies Holdings said it has completed its acquisition of Canadian fund administrator CommonWealth Fund Services Ltd., which services over $8bn in assets. The newly acquired business expands SS&C's footprint in Canada and adds a talented management team and staff.

"We are pleased to welcome CommonWealth's team and clients," said Bill Stone, chairman and chief executive officer of SS&C Technologies. "The acquisition strengthens our presence in the Canadian fund services market and furthers our strategy to expand our international business."

CommonWealth provides a full range of administration services to hedge funds, private equity funds, real estate funds, fund of funds, family offices, and other institutions. Over the past two years, CommonWealth has doubled its assets under administration.

"With our combined expertise, technology and talent, there's simply no better team to enable clients to stay a step ahead. Joe Zhang and I, together with our staff, are excited to join SS&C during this next growth phase," said Mackenzie Crawford, managing director. "Most importantly, both companies share two core values: constantly demonstrating an unwavering dedication to client success and ensuring a positive corporate culture. Our clients and employees are enthusiastic about future opportunities."......................

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